UnitedHealth Group Incorporated (UNH) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), UnitedHealth Group Incorporated had a P/E ratio of 24.80 (down from 32.32), return on equity of 12.5% (down from 15.1%), debt-to-equity of 0.82 (up from 0.75) and a current ratio of 0.79 (down from 0.83). A current ratio of 0.79 means current liabilities exceed current assets. Its dividend yield was 2.70% with a payout ratio of 65.7%.

UnitedHealth Group Incorporated Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	24.80	32.32	21.76	24.62	27.36	21.60
Forward P/E	19.55	17.35	19.42	22.02	24.18	22.11
P/S Ratio	0.67	1.16	1.31	1.53	1.64	1.29
P/B Ratio	2.94	4.54	4.92	5.74	6.18	4.72
Price/FCF	18.60	22.48	18.96	21.17	23.78	16.54
Price/OCF	15.18	19.23	16.75	18.90	21.17	15.01
PEG Ratio	2.65	1.16	1.73	1.57	1.61	1.52
Enterprise Value Ratios
EV/Revenue	0.81	1.30	1.40	1.58	1.75	1.41
EV/EBITDA	15.05	14.89	14.83	16.65	19.23	14.85
EV/EBIT	16.93	16.14	16.10	18.06	20.99	16.23
EV/FCF	22.52	25.17	20.28	21.94	25.30	18.07
Profitability & Returns
Return on Equity (ROE)	12.54%	15.13%	24.99%	25.35%	24.12%	23.77%
Return on Assets (ROA)	4.40%	7.06%	7.79%	7.76%	7.32%	7.55%
Return on Invested Capital (ROIC)	10.23%	14.38%	16.85%	16.72%	16.11%	12.91%
Leverage & Solvency Ratios
Debt/Equity	0.82	0.75	0.63	0.67	0.60	0.62
Debt/EBITDA	3.24	2.20	1.78	1.87	1.76	1.77
Debt/FCF	5.16	3.71	2.44	2.46	2.31	2.16
Liquidity Ratios
Current Ratio	0.79	0.83	0.75	0.73	0.73	0.69
Quick Ratio	0.70	0.75	0.69	0.65	0.66	0.62
Efficiency Ratios
Asset Turnover	1.47	1.40	1.43	1.42	1.41	1.39
Inventory Turnover	102.54	94.21	89.10	-	-	-
Yield & Distribution Ratios
Earnings Yield	4.03%	3.09%	4.60%	4.06%	3.66%	4.63%
FCF Yield	5.38%	4.45%	5.27%	4.73%	4.20%	6.05%
Dividend Yield	2.70%	1.69%	1.47%	1.30%	1.22%	1.49%
Payout Ratio	65.66%	52.29%	30.21%	29.78%	30.55%	29.76%
Buyback Yield	1.94%	0.96%	1.26%	0.63%	0.52%	0.52%
Total Return	4.64%	2.65%	2.73%	1.93%	1.74%	2.01%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About UnitedHealth Group Incorporated Financial Ratios

What is UnitedHealth Group Incorporated's P/E ratio?

UnitedHealth Group Incorporated's P/E ratio was 24.80 for fiscal 2025 (period ended Dec 31, 2025). It was 32.32 a year earlier.

What is UnitedHealth Group Incorporated's return on equity?

UnitedHealth Group Incorporated's return on equity (ROE) was 12.5% for fiscal 2025 (period ended Dec 31, 2025). It was 15.1% a year earlier.

What is UnitedHealth Group Incorporated's debt-to-equity ratio?

UnitedHealth Group Incorporated's debt-to-equity ratio was 0.82 for fiscal 2025 (period ended Dec 31, 2025). It was 0.75 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition